Regulation

Trump to nominate Democratic SEC commissioner

Robert Jackson will be serving on the Securities and Exchange Commission, the White House said; President Donald Trump intends to nominate him for the remainder of a 5-year term that expires June 5, 2019.

Mr. Jackson would finish the term of former Chairwoman Mary Jo White, the White House said Saturday.

Mr. Jackson is a professor at Columbia Law School and director of the Program on Corporate Law and Policy at Columbia, where he focuses on corporate governance and improving transparency in securities markets. He has advocated for requiring public companies to disclose their political spending.

He would fill a Democratic seat on the commission. Hester Pierce was named July 18 to fill a Republican seat at the SEC, which currently has only three of five members, including Chairman Jay Clayton. Ms. Pierce, a research fellow at the Mercatus Center at George Mason University in Fairfax, Va., has held staff positions at the SEC and in the Senate.

Mr. Jackson served as a senior adviser with the Treasury Department during the financial crisis.